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Global Fragrance Ingredients Market 2020 to 2027, at a CAGR +3.8% with top key players: Fermenich International SA, Fine Fragrances Private Limited, Givaudan SA, International Flavors & Fragrances Inc

10-22-2020 12:54 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Big Market Research

Fragrance Ingredients

Fragrance Ingredients

The global fragrance ingredients market was valued at $13.6 billion in 2019, and is projected to reach $16.1 billion by 2027, growing at a CAGR of 3.8% from 2020 to 2027.

Fragrance ingredients are natural and synthetic substances, which when added to products give them desired smell. They are used extensively in products such as detergents, cosmetics, soaps, toiletries and so on. Ingredients for fragrances are generally extracted from natural or petroleum raw materials and are used widely in personal care and other consumer goods.

Our analysis involves the study of the market taking into consideration the impact of the COVID-19 pandemic. Please get in touch with us to get your hands on an exhaustive coverage of the impact of the current situation on the market. Our expert team of analysts will provide as per report customized to your requirement.
Key highlights from COVID-19 impact analysis:
• A summary of the COVID-19 pandemic on the global economy.
• Fluctuations in the demand and supply chain of the industry.
• Pre and post-COVID-19 impact on the revenue matrix.

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Rise in demand for natural fragrances and customer inclination toward aromatic cosmetics and personal care products fuel the global fragrance ingredients market growth. Growth in customer base, continuous product development, and rise in demand for air fresheners such as aerosol sprays, air purifiers, and car fresheners are expected to propel the global market growth. Growth in value and rise in knowledge of aromatherapy, owing to improved quality of living. Moreover, increase in use of fragrance ingredients in home products such as perfume sticks and candles fuel the global demand for fragrance ingredients. Technological developments and rise in preference for natural fragrances indicate significant market growth. The global economy has a positive effect on the market, owing to globalization and urbanization and growth in disposable income of middle class. Huge capital investments are required for R&D projects, increase in manufacturing costs and rise in health issues such as allergies and skin problems are expected to hamper the demand of fragrance ingredients.
The global fragrance ingredients market is segmented on the basis of type, application, and region. By type, the market is classified into natural ingredients and synthetic ingredients. By application, it is divided into hair care, personal care, fabric care, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the key players operating in the global fragrance ingredients market are Fermenich International SA, Fine Fragrances Private Limited, Givaudan SA, International Flavors & Fragrances Inc., Kalpsutra chemicals Pvt. Ltd., Mane SA, S H Kelkar and Company Limited, Symrise, Takasago International Corporation, and Treatt.

The Microsd can be split based on product types, major applications, and important countries as follows:
The basis of applications, the Microsd from 2015 to 2025 covers:
Hair care
Personal Care
Fabric care
Others

The basis of types, the Microsd from 2015 to 2025 is primarily split into:
Natural Ingredients
Synthetic Ingredients

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The report clearly shows that the Microsd industry has achieved remarkable progress since 2025 with numerous significant developments boosting the growth of the market. This report is prepared based on a detailed assessment of the industry by experts. To conclude, stakeholders, investors, product managers, marketing executives, and other experts in search of factual data on supply, demand, and future predictions would find the report valuable.

IMPACT OF COVID-19 ON GLOBAL FRAGRANCE INGREDIENTS MARKET
• COVID-19 has spread across the globe and affected almost all aspects of life.
• Some major economies that have suffered severely from the COVID-19 crises include Germany, France, Italy, Spain, the UK, and Norway.
• There is an uneven impact of COVID-19 pandemic on the fragrance ingredients market, owing to the implementation of lockdowns worldwide to halt spreading of the virus. This resulted in shutting off of almost all operations, manufacturing, and distribution of all industries.
• This has resulted in decrease in demand for cosmetic products from beauty shop which, in turn, has led to sluggish growth of the market.
• Increase in demand for personal care & cosmetic products (sanitizers, soaps, and disinfectants) and other home cleaning chemicals boosts growth of the fragrance ingredients market, which in turn, tends to overcome the effects of COVID-19 on this sector.
• Numerous beauty manufacturers, ingredient suppliers, and allies along the value chain are affected by the pandemic, owing to travel restrictions and slow export-import activities. Moreover, revenue of retailers and salons & spas is also hampered by the virus spread.

Reasons To Buy:
• Analyzing the outlook of the market with the recent trends and SWOT analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Years considered for this report:
• Historical Years: 2015-2019
• Base Year: 2019
• Estimated Year: 2020
• Forecast Period: 2020-2025

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